97-iii. Indirect cost recovery account. 1. There is hereby established in the joint custody of the state comptroller and the commissioner of the department of taxation and finance an account of the miscellaneous special revenue fund to be known as the indirect cost recovery account.
2. Notwithstanding any other law, rule or regulation to the contrary, the state comptroller is hereby authorized and directed to receive for deposit to the credit of the indirect cost recovery account, charge backs to the general fund - state purposes account, to special revenue fund - other, to special revenue funds - federal, and to internal services funds; moneys recovered from the sale of department publications, fees for technical assistance services, fees for printing services provided to other department units, other state agencies, governmental bodies and other entities; and fees collected from outside use of department of education facilities.
3. Moneys of this account, following appropriation by the legislature, shall be available to the state education department for policy, legal and administrative services provided to other department units, other state agencies, governmental bodies and other entities.
Last modified: February 3, 2019